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First Solar Inc: The Winning Streak Continues (FSLR)

By David Diaz

First Solar Inc (NASDAQ:FSLR) traded at a new 52-week high today of $68.00. Approximately 82,000 shares have changed hands today, as compared to an average 30-day volume of 923,000 shares.

In the past 52 weeks, shares of First Solar Inc have traded between a low of $36.51 and a high of $68.00 and are now at $67.09, which is 84% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.8%.

There is potential upside of 15.4% for shares of First Solar Inc based on a current price of $67.09 and an average consensus analyst price target of $77.43. The stock should find initial support at its 50-day moving average (MA) of $62.23 and further support at its 200-day MA of $52.52.

First Solar, Inc. designs and manufactures solar modules. The Company uses a thin film semiconductor technology to manufacture electricity-producing solar modules.

SmarTrend recommended that subscribers consider buying shares of First Solar Inc on April 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.85. Since that recommendation, shares of First Solar Inc have risen 19.1%. We continue to monitor FSLR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows first solar inc

Ticker(s): FSLR